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Tatton assets jump 16% as new group structure pays off

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Tatton Asset Management chief executive Paul Hogarth

Tatton Asset Management has reported a 16 per cent increase in assets under management over the last six months.

Total funds have now passed the £5bn mark to reach £5.7bn as at the end of September.

Tatton Asset Management is the parent company of both Tatton Investment Management, a discretionary fund manager, and Paradigm Partners, an IFA support service business, as well as Paradigm Mortgage Services, a mortgage distribution club.

The trio of businesses floated under the Tatton brand on Aim last July at 189p a share. As of this morning, the group is trading at 260p a share.

The number of IFA support service clients within the group increased from 368 to 382 over the period, and 70 new mortgage club clients were added to reach 1,290.

Tatton Asset Management chief executive Paul Hogarth says: “We are pleased with the continued growth of our assets under management which is a further endorsement of our DFM proposition that both lowers the cost of investment and delivers against given investment objectives while maintaining the highest investment management standards.“

Paradigm used to own asset manager Tatton Capital before the company floated as Tatton Asset Management and the DFM was rebranded to Tatton Investment Management.

The majority of IFAs that use Tatton also use Paradigm’ support services, and early Paradigm advisers were offered equity stakes in Tatton when they joined the network.

Other support service providers have also set up their own investment propositions in recent years, including SimplyBiz, which operates its in house range of funds, Verbatim, and its Centra investment management system.

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